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Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of anima.....
Poultry Market: By Species Type, By Distribution Channel and Geography
Poultry Market: By Species Type, By Distribution Channel and Geography
Poultry Market size is valued at US$ 322.53 billion in 2023 and is expected to reach US$ 434.27 billion by 2030, at a CAGR of 3.8% during the forecast period 2024-2030. Poultry feed is a type of feed made specifically for chickens. Energy is required for optimum growth, egg production, and overall health in poultry birds. Poultry refers to domestic birds raised for eggs, meat, dung, and feathers. Poultry includes turkeys, geese, ducks, and other birds. Poultry farming can be done in two ways: as a family business or as an industrial enterprise. Fats and carbs provide the majority of the energy required for development and other activities. Protein is also an important source of energy for chicken birds, especially when carbs and lipids are scarce. The nutritional and quantity requirements of poultry feed are determined by their rate of growth, the weight and age of the birds, and the rate of egg production. this report studies global Market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market.
Study Period
2024-2030Base Year
2023CAGR
3.8%Largest Market
Asia-PacificFastest Growing Market
Europe
The worldwide poultry feed market is growing due to a number of causes. Increasing poultry farming to meet worldwide demand for chicken eggs and meats, expanding demand for poultry meat products, greater knowledge about protein consumption in daily diet services, and an increase in the number of poultries are just a few of them. Eastern and Western Africa are seeing an increase in poultry feed mills, poultry houses (for egg and broiler production), and stockyards. However, because to their low cost and a shift in consumer taste toward white meat over red meat, consumption of poultry-based products has increased significantly over the world. Furthermore, the market's expansion is fueled by the absence of any religious implications on poultry meat when compared to pig and beef.
Asia Pacific accounted for larger revenue share in global poultry market with considerable CAGR. The region is observing substantial growth due to the rapid growth in population, urbanization and expansion of the middle-class population and increasing demand for animal food products. Poultry plays a vital role in Asia-Pacific is the fastest growing agriculture sector to attain food security, higher incomes and farmer welfare. The Asian dairy and animal protein industry is often seen to add major value to the trend, showing a healthy market outlook for poultry products worldwide. China and Vietnam are expected to be the largest consumers of meat products such as pork.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2023 |
US$ 322.53 billion |
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Market Size in 2030 |
US$ 434.27 billion |
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Market CAGR |
3.8% |
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By Species Type |
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By Distribution Channel |
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By Region |
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Poultry market size was valued at US$ 322.53 billion in 2023 and is set to reach US$ 434.27 billion in 2030 at a significant CAGR of 3.8% from 2024-2030.
The poultry market key players are: Tyson Foods, JBS S.A., Pilgrims Pride Corporation., Wens Foodstuff Group Co. Ltd., BRF S.A., Perdue Farms
The key segments covered in the poultry market are: by species type and by distribution channel
Table of Content
Key Market Players
Author
Manoj Kumar is a postgraduate in Life Sciences with over seven years of dedicated experience in the fields of animal health and agriculture. His passion lies in unraveling the complexities of these domains through rigorous research and practical insights. Manoj Kumar’s journey has been marked by several key achievements: as a market analyst and competitive intelligence expert, he dissects data to provide actionable insights for global clients. Simultaneously, he champions animal healthcare, diagnosing ailments, and designing preventive care strategies. In the realm of agriculture, his focus on sustainable practices, emphasizing crop nutrition, soil health, and precision agriculture. His holistic approach and commitment to advancing science make him a respected figure in the ever-evolving landscape of life sciences.